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Quality Amenities Boom - Infobae
November 19, 2023
Quality amenities boom: What are the most innovative and sought-after “extras” in new buildings
These spaces are key and influence the purchasing decision. An apartment with attractive common areas for regular use can cost up to 25% more than the traditional one.
Infinity pools on the terraces of buildings are part of the recent proposals and those that will come to Buenos Aires roof
Quality amenities represent a revolution in residential developments, exerting a significant influence of 60% on decision making. Potential buyers carefully evaluate the options for common areas for regular use, in addition to considering aspects such as environments, design, finishes, costs, location, among others, when choosing a property.
The developers highlight that a home under construction with these characteristics has a value up to 25% higher compared to a similar traditional one.
“Areas such as swimming pools, event halls, recreational spaces for children and the possibility of training without traveling far from home are decisive. This approach impacts both those seeking housing for permanent use and investors, since the market values units in buildings with amenities. Furthermore, the urban hustle and bustle led more people to look for an oasis of tranquility in their building, escaping the chaos of the city,” Kevin Savelski , director of Grupo 8.66, summarized to Infobae.
Grills and stoves cannot be missing, they are essential and influence those looking for a modern home
José Ignacio Viñas , Commercial Director of Consultatio, told Infobae that “currently, users are looking for an experience, a lifestyle that they can develop in that place. This added value, for the most part, comes from the amenities, which become the essential complement of your unit.”
The amenities of the buildings originate from offering Multipurpose Rooms (SUM), grill, and even swimming pool. Gyms, game rooms, movie rooms, spas and saunas were quickly added.
It is common for places with amenities, green spaces and service areas to be located.
“They stopped being an extra and became an undisputed service, influencing the purchasing decision of those interested in purchasing an apartment. The secret? “They knew how to adapt to the life changes of recent years,” Savelski added.
Prices
A brand new home that has an average price of USD 150,000 for a three-bedroom in CABA, in a building with amenities, drops to USD 112,450 in another that does not offer them. In the case of a two-bedroom, these values are around USD 120,000 in the first case and USD 90,000 in the second.Experts highlight the clear trend towards the increase in green terraces, because they provide users with a connection with nature in the heart of the city.
Additionally, demand for coworking areas in new buildings has been increasing, offering residents a space away from home to carry out daily tasks.
Coworking for both teleworking and studying outside the home is key
“ Playgrounds or children's play areas are highly valued by the young population with small children, where play areas are combined with reading areas for adults. Likewise, it is observed that the traditional SUMs are evolving into flexible areas for daily use, transforming into gourmet lounges that can be used by smaller groups for almost the entire day,” Rodrigo Saldaña , commercial director of Oslo Propiedades , told Infobae.
In the continuous development of projects, it is considered essential to anticipate the needs of the future resident, and not limit oneself to current preferences.
The amenities are usually located on the terraces or in the building's retreats.
Current preferences lean toward amenities that promote physical well-being and connection with nature, such as sports simulators (golf, soccer), semi-Olympic pools, running tracks and sky gardens.
Viñas added: “Examples that incorporate these trends are Huergo 475, with 1,500 m2 of amenities and 2,800 m2 of park, and Oceana Puerto Madero, which offers a wide variety of amenities and has 7,100 m2 of space.”
Some incorporate libraries
According to Savelski, at Quality Buildings Donato Alvarez, in Caballito, this anticipation is essential when planning projects for five or seven years. “There they introduced a heated infinity pool for year-round use, the inclusion of a sauna in the gym, a drinks bar and an underground wine cellar. This exclusive space provides owners with a private shelter close to their garage, ideal for those wine lovers who wish to preserve their collection optimally.”
Maintenance costs
The impact on expenses has an inverse relationship with the scale of the project.In large developments, with more than 200 apartments, the increase in expenses is minimal. However, in smaller buildings, the presence of numerous amenities is more expensive.
The play area for the little ones is essential to tempt families with children
Hernán Pisarenko , commercial director of HA Emprendimientos and partner in Bridge Argentina, commented to Infobae that “the impact on the cost of a project per square meter of amenities depends on the type of amenities offered, the scale of the project and the market to which it is directed. . In general terms, the m2 allocated to amenities will always be assumed by the buyer in the price of the home. For example, if a development has 1,000 m2 of amenities and 4,000 m2 of salable area, the price of the project should increase by at least 25 percent.”
It is also common for new projects to have large gardens, both internal and external, orchards and where workshops are held.
Pisarenko points out: “Surely, some amenities, such as having a doctor available 24 hours a day, can be representative of the amount of expenses. On the other hand, services such as a coworking room or a SUM barely generate costs, or these are distributed among those who use them.”
The SUM or barbecue area is also key, and is even converted into event rooms
Saldaña highlights that currently, there is a marked trend towards the design of more versatile recreation areas in residential buildings.
“Soft plazas, combined with traditional games and areas for children's screenings or electronic games, are a frequent addition. Furthermore, with the increase in bicycle racks, it is common to find buildings that offer complimentary traditional and electric bicycles for co-owners, thus promoting the use of sustainable and ecological means of transportation,” said the expert.
Gym and yoga areas are essential
Out of the ordinary
One of the non-traditional amenities is the project presented by the artist Fabián Bercic for the Azcuy Prize, which transforms the concrete wall of the central hole of the Donna Reggia residential building (located in Caballito) into a challenging climbing wall.Each year, the award allows artists to intervene in the common areas of the building, and Bercic chose this central space that offers multiple viewing angles from the lobby, the central patio, the glass elevators, the terrace and balconies of particular units.
The climbing wall in a building located in Caballito, the only one of its kind
“The work, which extends 43 meters high, becomes the highest artificial climbing route in Argentina. Built with polyhedral shapes of vibrant colors in polyester resin, fiberglass and polyurethane lacquer, the work takes inspiration from the paintings of avant-garde movements from the River Plate of the 20th century, transforming flat compositions into three-dimensional ones,” Sol Juárez , creative project manager, told Infobae. and innovation from the developer Azcuy.
The completion of the work had the collaboration of architects and engineers, and the advice of the Museum of Modern Art of Buenos Aires.
The work remains visible to residents and visitors to the building and is open to being climbed by professionals, the intention being to activate the work with climbers frequently and in coordination with the owners.
Sky bar, another booming trend for upcoming projects
Also, projects with innovative amenities stand out, such as Madero Harbor, from the GNV Group, which has its own heliport.
Other projects incorporate movie theaters equipped with 3D screens, common areas that highlight art, and even buildings that offer hair salon services.
Sky bars or rooftops, spaces high up where you can enjoy a meal or a drink while enjoying panoramic views of the city and the river, represent another growing trend.
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